Wireless power technology developer Ossia has signed up the CoolIR Group for retail monitoring systems.
CoolIR will build the Cota technology into its Vista product line, allowing its cameras and sensors to be recharged wirelessly at a distance. The cameras and sensors feed a proprietary machine learning platform that detects out-of-stock and non-compliant inventory. The company currently has three product lines but says it is planning more, and Cota will be involved in all of them.
"With the retail sector undergoing a secular shift to e-commerce, the industry is looking for more innovative ways to enhance and digitize the physical retail experience. Retail industry innovations from agile technology companies like CoolR Group are now changing the landscape of how retail businesses work," said Preston Woo, Chief Strategy Officer of Ossia.
"Through its partnership, Ossia and CoolR Group will be able to conveniently deploy smart, connected devices and software to allow stores be more effective in stocking shelves, correcting foreign product placement and sensors that keep coolers and shelves running efficiently. We are proud to partner with CoolR Group to bring retailers best-in-class technology solutions."
"CoolR Group was founded as a machine learning platform to track relevant data through smart devices in real-time, giving retailers data to maximize efficiency and sales growth," said Roy Mehta, CEO of CoolR Group. "Integrating Ossia's Cota technology into our products, starting with the Vista product line, alleviates the major concerns retailers have about deploying devices that either require expensive and often impractical wiring installation, or require maintenance to remove and replace batteries with finite lives. The Cota technology frees up retailers to select full feature devices, such as the Vista, without having to worry about power, enabling physical stores to offer the best retail experience to customers."